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Improving credit information, bank regulation, and supervision : on the role and design of public credit registries

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  • Powell, Andrew
  • Mylenko, Nataliya
  • Miller, Margaret
  • Majnoni, Giovanni

Abstract

The authors analyze how data in public credit registries can be used both to strengthen bank supervision and to improve the quality of credit analysis by financial institutions. Empirical tests using public credit registry (PCR) data were performed in collaboration with the central banks in Argentina, Brazil, and Mexico. The results of the empirical tests confirm the value of the data for credit risk evaluation and provide insights regarding its use in supervision, including in calculations of credit risk for capital and provisioning requirements, or as a check on a bank's internal ratings for the Basel II's internal rating-based approach. The authors also define a set of critical design parameters and use the results to comment on appropriate public registry design. Finally, they discuss the relationship between the different objectives of a PCR and how they influence the registry's design.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3443.

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Date of creation: 01 Nov 2004
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Handle: RePEc:wbk:wbrwps:3443

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Keywords: Environmental Economics&Policies; Financial Intermediation; Payment Systems&Infrastructure; Banks&Banking Reform; Insurance&Risk Mitigation; Financial Intermediation; Environmental Economics&Policies; Insurance&Risk Mitigation; Banks&Banking Reform; Strategic Debt Management;

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References

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  1. Diamond, Douglas W, 1991. "Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 99(4), pages 689-721, August.
  2. Padilla, A Jorge & Pagano, Marco, 1997. "Endogenous Communication among Lenders and Entrepreneurial Incentives," Review of Financial Studies, Society for Financial Studies, Society for Financial Studies, vol. 10(1), pages 205-36.
  3. Jappelli, Tullio & Pagano, Marco, 2002. "Information sharing, lending and defaults: Cross-country evidence," Journal of Banking & Finance, Elsevier, Elsevier, vol. 26(10), pages 2017-2045, October.
  4. Ricardo Schechtman & Valéria Salomão Garcia & Sergio Mikio Koyama & Guilherme Cronemberger Parente, 2004. "Credit Risk Measurement and the Regulation of Bank Capital and Provision Requirements in Brazil - A Corporate Analysis," Working Papers Series, Central Bank of Brazil, Research Department 91, Central Bank of Brazil, Research Department.
  5. Andrew Powell & Verónica Balzarotti & Christian Castro, 2002. "Reforming Capital Requirements in Emerging Countries," Business School Working Papers, Universidad Torcuato Di Tella diecinueve, Universidad Torcuato Di Tella.
  6. Pagano, Marco & Jappelli, Tullio, 1993. " Information Sharing in Credit Markets," Journal of Finance, American Finance Association, American Finance Association, vol. 48(5), pages 1693-1718, December.
  7. Rajan, Raghuram G, 1992. " Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt," Journal of Finance, American Finance Association, American Finance Association, vol. 47(4), pages 1367-400, September.
  8. Inessa Love & Nataliya Mylenko, 2003. "Credit reporting and financing constraints," Policy Research Working Paper Series 3142, The World Bank.
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Citations

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Cited by:
  1. Verónica Balzarotti & Fernando Castelpoggi, 2009. "Credit Scoring Models: Missing Information and the Use of Data from a Credit Register," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, Central Bank of Argentina, Economic Research Department, vol. 1(56), pages 95-156, October -.
  2. Robert Cull & Lance E. Davis & Naomi R. Lamoreaux & Jean-Laurent Rosenthal, 2005. "Historical Financing of Small- and Medium-Sized Enterprises," NBER Working Papers 11695, National Bureau of Economic Research, Inc.
  3. Brown, Martin & Jappelli, Tullio & Pagano, Marco, 2007. "Information Sharing and Credit: Firm-Level Evidence from Transition Countries," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6313, C.E.P.R. Discussion Papers.
  4. Gutierrez Girault, Matias Alfredo, 2007. "Modelos de credit scoring: qué, cómo, cuándo y para qué
    [Credit scoring models: what, how, when and for what purposes]
    ," MPRA Paper 16377, University Library of Munich, Germany.
  5. Beck, Thorsten, 2008. "Bank competition and financial stability : friends or foes ?," Policy Research Working Paper Series 4656, The World Bank.
  6. T. Beck & O. De Jonghe & G. Schepens, 2011. "Bank competition and stability: cross-country heterogeneity," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration 11/732, Ghent University, Faculty of Economics and Business Administration.
  7. Beck, T.H.L. & De Jonghe, O.G. & Schepens, G., 2011. "Bank Competition and Stability: Cross-country Heterogeneity (Replaced by CentER DP 2012-085)," Discussion Paper, Tilburg University, Center for Economic Research 2011-080, Tilburg University, Center for Economic Research.
  8. Martin Brown & Christian Zehnder, 2007. "The Emergence of Information Sharing in Credit Markets," IEW - Working Papers 317, Institute for Empirical Research in Economics - University of Zurich.
  9. Majnoni, Giovanni & Miller, Margaret & Powell, Andrew, 2004. "Bank capital and loan loss reserves under Basel II - implications for emerging countries," Policy Research Working Paper Series 3437, The World Bank.
  10. Martin Brown & Christian Zehnder, 2007. "Credit Reporting, Relationship Banking, and Loan Repayment," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 39(8), pages 1883-1918, December.
  11. Nabi, Mahmoud Sami & Ben Souissi, Souraya, 2011. "Could dishonest banks be disciplined ?," MPRA Paper 32010, University Library of Munich, Germany.
  12. Benito Arruñada, 2011. "Mandatory accounting disclosure by small private companies," European Journal of Law and Economics, Springer, Springer, vol. 32(3), pages 377-413, December.
  13. Federico Ferretti, 2010. "A European Perspective on Consumer Loans and the Role of Credit Registries: the Need toReconcile Data Protection, Risk Management, Efficiency, Over-indebtedness, and a Better Prudential Supervision of," Journal of Consumer Policy, Springer, Springer, vol. 33(1), pages 1-27, March.

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